Li-ion

Scientists in Spain have simulated the combination of power-to-heat-to-power storage systems with lithium-ion batteries to supply energy needs and heat pump production of an electrified dwelling. PV self-consumption was found to increase by up to 20% and levelized cost of energy decrease by 7%.

Replus Engitech will expand its battery energy storage and EV battery production facility to 6 GWh by the end of the next year. Currently, the company has 1 GWh of cell-to-pack manufacturing capacity in Pune.

The energy storage market is rapidly evolving with cutting-edge battery technologies leading the way. Ongoing advancements are improving lithium batteries’ safety and longevity, further solidifying their position as the preferred choice for solar energy storage systems. Other promising developments are solid-state batteries, flow batteries, and sodium-ion batteries.

The industry will reach the 1 TWh demand milestone in 2024, with China producing more than three-quarters of the batteries sold globally. The concentration of the production chain in the country has led to a fall in costs and a possible technological shift with the focus on LFP batteries. Cooperation between countries can be strategic to diversify the battery production chain and create sustained demand, assesses the International Energy Agency.

Lohum stated its new lithium refinery will have the capacity to produce 1,000 metric tonnes annually.

South Korean scientists have developed a breakthrough lithium-ion battery technology by modifying the LNMO cathodes that enhances stability and efficiency, boosts battery lifespan, and energy density of Li-ion batteries.

While oversupply remains a feature of the lithium-ion battery production landscape, large production volumes are accelerating innovation and enhancing energy storage competitiveness. S&P Global analysis reveals that balance is likely to return to the global market in the coming years as stationary energy storage and EV adoption continues to accelerate.

Exide Industries Ltd has made equity investment of INR 149.99 crore, on rights basis, in Exide Energy Solutions. The investment will fund Exide Energy Solutions’ greenfield lithium battery plant in Bengaluru and meet its various funding requirements.

Attero is the first Indian company in the e-waste recycling industry to secure the ISO 14064 Certification for GHG Emissions Verification.

The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.